Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at firstname.lastname@example.org in case you need any other additional information.
Alibaba Group has signed agreements with new partners to explore setting up of an expanded Trade Facilitation Centre (TFC) programme in India. Through the programme, the company aims to encourage and support small and medium enterprises (SMEs) by providing a one-stop shop for their trade requirements. It would also provide tailor-made services for SMEs.
The online platform for cross-border wholesale trade has entered into agreements with IDFC Bank, Kotak Mahindra Bank, Aditya Birla Finance, DHL and Delhivery, a company release said.
In addition to dedicated facilities, the proposed TFC programme would help SMEs avail special benefits, dedicated support and customised value-added services.
The agreement signed by Alibaba.com with IDFC Bank and Kotak Mahindra Bank is for providing banking, transactional and lending solutions, while that with Aditya Birla Finance is for improving SMEs' exports process with provision of collateral free loans and customised financing options.
DHL would offer Alibaba.com members with Concept 1, a programme with one solution for all exports and imports of documents, samples and small shipments. The agreement with Delhivery is for providing domestic courier and logistics services with free shipments and will offer Alibaba.com members special solutions, prices and customer support.
“The TFC is instituted for the sole purpose of driving greater participation of Indian SMEs in the international trade and business market,” K Guru Gowrappan, global MD and India head for Alibaba Group said.
SMEs in India face multiple challenges even after receiving export orders. These include logistics, funding, banking services, inspection and shipment. “So while Alibaba.com helps SMEs or exporters find overseas buyers, value-added services to be provided by our TFC partners will help our members overcome these challenges,” the company said. (RKS)
Fibre2Fashion News Desk – India
| On 22nd Oct 2020
The United Nations Conference on Trade and Trade and Development...
| On 22nd Oct 2020
The COVID-19 crisis has badly hit the garment sector in the...
The Regional Comprehensive Economic Partnership (RCEP) is likely to...
Shades of India
Women value something that is unique and has a flavour of India
Hindoostan Innovation Centre
‘Modern technical textile is an indispensable tool for science and...
Verticals like fast fashion won’t completely adopt personalisation on...
Founded in 1953, Italian engineering
company Arioli Spa started...
The China Textile Machinery Association (CTMA) is a social-economic...
Suresh P Bagrecha
Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...
Schlegel und Partner GmbH
<div>Schlegel und Partner is the market research and consultancy company...
Focusing on bold patterns and colour palettes, Luis Quijano, a student at...
INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...
Anjali Bhaskar has an experience of 12 years in the fashion industry. She...
Sailesh Singhania Label
The Sailesh Singhania label was created to promote handwoven sarees and...
From its modest beginning in the late 1960s, Shrujan has grown into a...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.